Are you compliant with Aadhaar Masking as per the Regulatory Authorities?

What is Masked Aadhaar?

Masked Aadhaar is similar to a regular Aadhaar with a difference that the Aadhaar number is partially hidden/masked/blacked-out. Only last 4 digits of the Aadhaar number are visible and the rest are masked. Other details in the Aadhaar card remains the same such as the name, date of birth, gender, address and the QR code.

 

Why is Aadhaar Masking mandatory for Enterprises in BFSI?

On 29th May 2019, the Reserve Bank of India updated the master direction on KYC guidelines for regulated entities. The updates in the KYC process were mainly targeted at adhering to the Aadhaar and Other Laws Ordinance that was passed by the Cabinet in March 2019.

 

RBI KYC Master Directions: https://bit.ly/2K5hDy3

 

What has changed?

One such update makes it mandatory for RBI Regulated Entities to mask or blackout the Aadhaar number of all customers from the Aadhaar image as part of the KYC process.

“Explanation 1: RE shall, where its customer submits his Aadhaar number, ensure such customer to redact or blackout his Aadhaar number through appropriate means where the authentication of Aadhaar number is not required under section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies Benefits and Services) Act.”

 

The IRDAI Circular dated 29th Jan 2019 for allowing Aadhaar Card as one of the acceptable documents for KYC- under certain conditions:

  • The proposer/policyholder voluntarily offers Aadhaar card as one of the documents for KYC purpose.
  • lnsurers should ensure that the first 8 digits of the Aadhaar number are properly/appropriately masked.
  • At no point in time more than last 4 digits of the Aadhaar number of any individual should be stored by the insurers in physical or digital form.

IRDAI Circular: https://bit.ly/2mmj2p7

 

Be Compliant with Regulations

Regulations on the use of Aadhaar disallow private companies from keeping a copy of the Aadhaar number in their database both in text or image formats. Monocept Redact – Aadhaar Masking Solution allows you to mask the first 8 or all 12 digits of the Aadhaar number from the documents submitted by your customers in real time.

Monocept Redact is a cloud-based intelligent detection system that uses Azure Cloud capabilities to deliver masked Aadhaar as per regulatory compliance. It extracts information from images of Aadhaar card using OCR. It uses APIs for business applications to help you mask legacy and real-time records without storing any data.

Monocept Redact uses MS Azure cognitive services to extract words into machine-readable character streams. It can easily integrate itself with the client’s system while providing accurate results for masked Aadhaar. It allows organizations to use Aadhar card for authentication purposes while keeping customers data private and secure.

Using Computer Vision API, Monocept Redact can generate a high-quality storage-efficient image and modify it to best suit the client’s need for size, shape, style and masking. It provides the client an easy solution of masking legacy Aadhaar data as well as real-time masking within seconds using APIs for integrating with business applications.

Monocept Redact allows the client to now use any Aadhaar format like full leaflet, m-Aadhaar, scanned copy, form with Aadhaar number printed, etc. and any image format for masking Aadhaar like JPEG, JPG, PDF, TIFF, and PNG. Thus, Redact allows you to save time and effort by using photographed Aadhaar instead of copying it.

Know more: Redact – An Aadhaar Masking Solution